Legend Regency Sale Attracts Premium Bids for CAC Rarities
November 19, 2018
The most recent Legend Rare Coin Auctions sale, Regency Auction 29, was held in conjunction with the PCGS Members Only Show in San Antonio, Texas, and the majority of highest grade coins, especially coins with the CAC sticker, brought some premium bid prices. Many of these rarities brought well above pre-sale estimates. One of the highlights of this sale was the 1921 Chapman Morgan Dollar in PCGS PR67. The Chapman Proof is always aggressively sought at major auctions with an original mintage estimate of just 40 coins, but this one is the finest known in PCGS and it realized $229,125.

Also highlighted, the 1795 $5 Gold Small Eagle in PCGS MS62 is just one of three coins certified in the grade with CAC approval, and it brought $176,250. There are 13 grading higher with the top grade being MS65. Below are some of the other rarities sold at this Legend Regency Sale.

Most of the adjustments in Washington Quarters are lower in this week; many sales are requiring discounts unless the coins are of the highest grade for the date. Anything from 1932 to 1940 in MS67 and lower are being marked down by dealers with excess inventory. The 1932 D in MS64 is lower at $1,475 Market and the 1932 S in the same grade is down to $660. The 1936 D in MS65 dropped to $710 while the 1935 S in MS67 fell to $825.

Gold drifted just under the $1,200 mark early last week, but has climbed back to $1,223 this morning. Silver is currently at $14.41 with Proof Silver Eagles trading at $37 among dealers. Proof one ounce Gold Eagles are wholesaling at $1,245 in the OGP. Silver bags of 90% are trading at $10,425 and VG+ Silver Dollars are at $20,525 per bag of 1,000.